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Denise

HOA RentalsHOA Rules

Does HOA Allow Airbnb? Know Your HOA’s Short Term Rental Restrictions

Does HOA allow Airbnb? This question comes up often for homeowners who are considering renting their property. Short-term rentals are popular with travelers and can be a way for homeowners to earn money. But living in an HOA community means there are rules to follow. Understanding what those rules are is essential before creating a listing online.   Does HOA Allow Airbnb? Every HOA has rules that tell residents what they can and cannot do. These rules are meant to…
Denise
October 20, 2025
HOA LawsHOA Rules

Can A Homeowner Install A Satellite Dish In HOAs?

It is not uncommon to see a satellite dish in HOA neighborhoods. But given the way these communities operate, many wonder if there are any restrictions on satellite dishes and antennas that residents should know about. Can an HOA prohibit satellite dishes in the first place? And what types of restrictions are permitted?   Can a Homeowner Install a Satellite Dish in HOA Communities? While not as common today as they were a decade ago, satellite dishes remain a fixture…
Denise
October 20, 2025
HOA Taxes

Are HOAs Tax Exempt? Here’s How To Reduce HOA Tax Liability

Are HOA tax exempt? This is a common question for board members and community managers. Taxes are part of running any organization, including homeowner associations. Understanding the rules can help boards make informed financial decisions.   Are HOA Tax Exempt? Many ask, "Are homeowner associations tax exempt?" The answer is usually no. Most HOAs must file tax returns with the IRS. Although they are not considered traditional businesses, they still generate taxable income. Income sources can include interest from reserve…
Denise
September 23, 2025
HOA Governing Documents

HOA Resale Package: What Should It Include?

An HOA resale package is a key part of buying or selling a home in a homeowners association. It provides important details about the property, the association, and the rules that come with ownership. Both buyers and sellers rely on this package to make informed decisions. Understanding what it should include can help ensure a smooth real estate transaction.   What is an HOA Resale Package? An HOA resale package is a set of documents and disclosures that an HOA…
Denise
September 23, 2025
HOA Taxes

Your Guide To HOA Tax Returns And Tax Filing In Illinois

An HOA tax return is something every association should understand, whether large or small. Filing correctly will help boards avoid penalties and maintain the association's good standing with the IRS and the state. Board members need to know what forms to use, when to file, and how rules fit into the process.   What is an HOA Tax Return? An HOA tax return is a federal and state filing that reports an association’s taxable income to the appropriate tax authorities.…
Denise
September 23, 2025
HOA Finance

HOA Financial Reports: Is The HOA Board Required To Make This Yearly?

An HOA financial report is more than just a set of numbers. It is a tool that can help board members maintain transparency and accountability. Preparing and sharing financial statements is not only a best practice but also a big part of fulfilling the board’s legal and fiduciary responsibilities.   What is an HOA Financial Report? When people ask, “What is HOA financial reporting?” they often picture a stack of spreadsheets. In reality, it is the process of recording, summarizing,…
Denise
September 23, 2025
HOA Laws

Breaking Down The Illinois Electric Vehicle Charging Act

The Illinois Electric Vehicle Charging Act opens the door for cleaner transportation across residential communities. As more residents switch to electric cars, homeowners associations must adjust their rules. This law ensures that residents can charge their vehicles at home without facing unfair roadblocks.   What is the Illinois Electric Vehicle Charging Act? The Illinois Electric Vehicle Charging Act, a state law, took effect in 2024. It supports the growth of electric vehicle (EV) infrastructure in residential areas. The law applies to…
Denise
August 27, 2025
HOA Fees and Assessments

When And Why Condo Special Assessments Are Issued?

Condo special assessments are legal and, sometimes, necessary. Still, they can also come as an unwelcome surprise to many unit owners, especially considering they are an added expense. By understanding what these assessments are, when they are issued, and why they are needed, unit owners can better prepare themselves.   What are Condo Special Assessments? A condominium special assessment is an extra fee that a condo association charges to unit owners. They are in addition to the regular condo dues.…
Denise
August 22, 2025
HOA Fees and Assessments

Why Are Condominium Association Fees Higher Than HOA Fees?

Condominium association fees can cause a lot of confusion among buyers, especially since they tend to be higher than HOA fees. This difference boils down to what these fees cover and how these associations operate.   What are Condo Fees? Condominium association fees are fees that unit owners pay to their condo community. These fees cover shared expenses within the association. Owners pay them monthly, quarterly, or yearly. While exact expenses can vary from one condo to another, condo fees…
Denise
August 19, 2025
HOA Board

What Is Conflict Of Interest In HOA And COA Boards?

A conflict of interest in HOA and COA boards can cause serious problems when left unaddressed. It can affect board decisions, create tension in the community, and even lead to legal trouble. That is why all board members need to understand what it is and how to avoid it.   What is a Conflict of Interest in HOA? A conflict of interest occurs when personal and professional interests clash. For HOA boards, it happens when a board member's personal interests…
Denise
August 8, 2025